BEGIN:VCALENDAR
VERSION:2.0
PRODID:icalendar-ruby
CALSCALE:GREGORIAN
X-WR-CALNAME:Global Environmental Policy Seminar with Nick Ryan
X-WR-TIMEZONE:Pacific Time (US & Canada)
BEGIN:VEVENT
DTSTAMP:20261009T144247Z
UID:tag:localist.com\,2008:EventInstance_50710697083279
DTSTART:20260528T201500Z
DTEND:20260528T213000Z
DESCRIPTION:The Social Cost of Theft: Experimental Evidence from Smart Elec
 tricity Metering in India\n\nEconomists favor redistribution through lump-
 sum transfers\, but many policies redistribute through price subsidies ins
 tead. A tolerance for theft—a subsidy down to a price to zero—is an ex
 treme example. We estimate the social costs of theft using an experiment i
 n India that introduced smart metering for electricity. We find that smart
  metering: (i) increases billed electricity consumption by 58%\; (ii) incr
 eases payments for electricity by 67%\; (iii) decreases actual electricity
  consumption by 24%. We explain these findings with a model where smart me
 tering increases the share of electricity billed and therefore acts like a
 n effective increase in price. In the fitted model\, transferring $1 to a 
 consumer via a tolerance for theft results in a decline in social surplus 
 of $0.20.\n\nBio\n\nNicholas Ryan studies energy markets and environmental
  regulation in developing countries. Energy use enables high standards of 
 living but rapid\, energy-intensive growth has caused many environmental p
 roblems in turn. Nick’s research measures how energy use and pollution e
 missions respond to regulation and market incentives. His work includes em
 pirical studies of the effect of power grid capacity on electricity prices
 \, how firms make decisions about energy-efficiency and how environmental 
 regulation can be designed to best abate pollution at low social cost. Rec
 ent research studies the adoption and pricing of renewable energy in devel
 oping countries.\n\nNick is joining Yale University as a Cowles Foundation
  Fellow for 2014-15 and an Assistant Professor of Economics from 2015 onwa
 rds. His research has been supported by grants from the National Science F
 oundation and US AID. He was a Prize Fellow in Economics at Harvard Univer
 sity from 2012-2014. He received a PhD in Economics from the Massachusetts
  Institute of Technology in 2012 and a BA in Economics summa cum laude fro
 m the University of Pennsylvania. He previously worked as a Research Assoc
 iate in the Capital Markets group at the Federal Reserve Board of Governor
 s in Washington\, DC.
GEO:37.42816;-122.175935
LOCATION:Y2E2 Building\, 299
SUMMARY:Global Environmental Policy Seminar with Nick Ryan
URL;VALUE=URI:https://events.stanford.edu/event/global-environmental-policy
 -seminar-with-nick-ryan
CATEGORIES:Class/Seminar
CATEGORIES:Conference/Symposium
CATEGORIES:Lecture/Presentation/Talk
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